Du Yongping buys Pop Mart again! His holdings officially surpass 100 million, saying, “I don’t care about short-term volatility; I only look at the next 20 years.”

On July 10, according to a disclosure by the Hong Kong Exchanges and Clearing Limited (HKEX), well-known investor Duan Yongping again increased his holdings of Pop Mart shares. The number of shares held increased from 91.2728 million shares to 102 million shares, and the shareholding ratio increased from 6.85% to 7.65%.

That same day, Duan Yongping said on a social platform: “My fundamental understanding of Pop Mart is that Pop Mart is currently a company with a market value of around HK$200 billion. Last year, it already earned a profit of 13 billion RMB. The business model has already been proven to work, and the corporate culture is very good. In the next 10 and 20 years, the average annual profit is very likely not to be lower than it is now.”

He said, “I don’t care what others think, and I also don’t care about short-term fluctuations in earnings. I’m only trying to think about what it will be like 10 and 20 years from now. My assumptions come entirely from my own experience and my own understanding of the world. I don’t guarantee they are correct.”

Source of this article: Shanghai Securities News

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